The Middle East & Africa general surgical devices market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of 11.8% during 2023–2031. Growth of the market is attributed to the development of advanced devices, rising healthcare expenditure, increasing government initiatives, and growing cases of injuries and accidents.
Surgical instruments are devices and tools that carry out operations such as grasping, retracting, dissecting, access to internal organs, holding, cutting, suturing, and modifying biological tissue. Many surgical instruments are manufactured from stainless steel.
The covid-19 outbreak affected the Middle East & Africa general surgical devices corporations. The Middle East & Africa general surgical devices market players faced several problems varying from getting components require for manufacturing devices and providing end products to attracting workers from quarantines.
The coronavirus-driven confinement places a brake on the element and device production, which increased product costs and reduced the market demand. However, the devices trade is returning to traditional and witnessing the steady increasing devices demand, particularly from the hospital sectors.
Middle East and Africa General Surgical Devices Market Trends, Drivers, Restraints, and Opportunities
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Increasing outpatient surgeries is projected to boost the market in the coming years.
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Rise in minimally invasive surgical procedures is major factor fueling the market during the forecast period.
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High cost of general surgical devices is anticipated to hamper the market growth.
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Lack of skilled technicians to operate surgical devices is projected to hamper the market growth in the coming years.
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R&D investment and technological advancement in general surgical devices is projected to create lucrative opportunities for the market players.
Scope of Middle East and Africa General Surgical Devices Market Report
The report on the Middle East & Africa general surgical devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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The Middle East & Africa general surgical devices–Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Products [Wound Closure Devices, Laparoscopic Devices, Electro Surgical Devices, Trocars and Access Devices, Handheld Devices, and Other Products], Applications [Cardiology, Neurology, Pulmonology, Gynecology, Orthopedic Surgery, Laparoscopy, Gastroenterology, ENT Surgery, and Others]
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Geographical Scope
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Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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3M Company, Integer Holdings Corporation, Stryker Corporation, B. Braun Melsungen AG, Johnson and Johnson Services, Inc., Maquet Holding BV & Co. KG, Koninklijke Philips N.V., Boston Scientific Corporation, Olympus Corporation, Medtronic PLC, Karl Storz GmbH, Olympus Corporation, and Smith and Nephew Inc.
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Middle East and Africa General Surgical Devices Market Segment Insights
The handheld devices segment accounts for key share of the market
Based on products, the Middle East & Africa general surgical devices market is divided into wound closure devices, laparoscopic devices, electro surgical devices, trocars and access devices, handheld devices, and other products.
The handheld devices segment accounts for a key share of the market. Growth of the market is attributed to the increasing adoption of general surgical devices for diagnosis and treatment, rising prevalence of cardiac disease, unhealthy lifestyles, rise in elderly population, and increasing number of treatments.
However, the electro surgical devices segment is anticipated to expand at a rapid pace during the forecast period due to increasing patient pool, rising geriatric population, and increase in preference for minor invasive surgeries.
The orthopedic surgery segment is anticipated to expand at a robust CAGR during the forecast period
Based on applications, the Middle East & Africa general surgical devices market is fragmented into cardiology, neurology, pulmonology, gynecology, orthopedic surgery, laparoscopy, gastroenterology, ENT surgery, and others.
The orthopedic surgery segment is anticipated to hold the major market share during the forecast period. Growth of the market is attributed to rising population, increase in disposable income, and growing awareness among population.
However, the gynecology segment is anticipated to expand at a rapid pace during the forecast period due to factors such as international companies attracting many investors, technological innovations in surgical devices, and increasing adaptation of stem cell technologies.
Geographical outlook
The Middle East & Africa general surgical devices market is anticipated to expand at a significant CAGR during the forecast period, owing to increasing investment in health care sector and rising adaptation of 3D printing technologies.
Factors such as less recovery time & minimal postoperative complications, compensation policies pertaining to general surgical devices in developed economies, favorable FDA approvals, and surge in patient preference for minor invasive surgeries are estimated to drive the market.
However, high cost of general surgical devices and lack of trained professionals and technicians are projected to restrict market growth. On the contrary, unsatisfied medical demands in developing sectors are anticipated to give lucrative opportunities for market expansion.
Segments
The Middle East & Africa general surgical devices market has been segmented on the basis of
Products
- Wound Closure Devices
- Laparoscopic Devices
- Electro Surgical Devices
- Trocars and Access Devices
- Handheld Devices
- Other Products
Applications
- Cardiology
- Neurology
- Pulmonology
- Gynecology
- Orthopedic Surgery
- Laparoscopy
- Gastroenterology
- ENT Surgery
- Others
Geography
Key Players
Competitive Landscape
Key players competing in the Middle East & Africa general surgical devices market include 3M Company, Integer Holdings Corporation, Stryker Corporation, B. Braun Melsungen AG, Johnson and Johnson Services, Inc., Maquet Holding BV & Co. KG, Koninklijke Philips N.V., Boston Scientific Corporation, Olympus Corporation, Medtronic PLC, Karl Storz GmbH, Olympus Corporation, and Smith and Nephew Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and rise their production line of the business in the coming years.
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